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Cornelia

Update on Cornelia

Cornelia continues with her business making “Pollipapas” (Peruvian dish consisting of potatoes with a piece of chicken). She buys potatoes and chickens at wholesale and prepares the dish in the morning. She spices the chicken and peels the potatoes and prepares everything needed for the preparation and sale of pollipapas. She wants to use the loan to buy chicken and potatoes.
View original language description ↓
La señora CORNELIA, la socia continua con su negocio de preparación de pollipapas (comida peruana que consta de papas y un trozo de pollo); la socia compra papas y pollos al por mayor y los prepara en la mañana, ella condimenta los pollos y pela las papas y prepara todo lo referente para la praparación de la venta de pollipapas. La socia desea invertir el prestamo en la compra de pollo y papas.


Previous Loan Details

Señora Cornelia is a member of the communal bank "Nueva Luz del Mañana," which is part of the Arariwa Association located in Cusco province, in the provincial department of Cusco. She is married, 56 years old, and is the mother of 6 children, 3 of whom are still in her care. Rildo (22), and Jua... More from Cornelia's previous loan »

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $6,715
    Average annual income
  • 33
    View loans »
    Peru Loans Fundraising
  • $55,889,725
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Cornelia to buy chicken and potatoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 22, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012
This photo was used before for a previous loan for Cornelia. It was first posted on Kiva on Dec, 2009. Learn More